Exim Routes IPO Date, Review, Price, Allotment Details
Exim Routes IPO is scheduled to open on December 12, 2025, and will close on December 16, 2025. This IPO is a Book Building Issue, through which the company aims to raise approximately ₹43.73 crores, entirely through a fresh issue, along with an offer for sale of [.] equity shares at a face value of ₹5 each.
The IPO price band has been set between ₹83 and ₹88 per share. The allocation for different categories is 35% for retail investors, 50% for QIBs, and 15% for HNIs. Exim Routes shares are expected to be listed on NSE on December 19, 2025, with the IPO allotment date on December 17, 2025.
Looking at the financial performance, Exim Routes reported a revenue of ₹120.99 crores in FY2025, up from ₹72.39 crores in FY2024, and a profit of ₹7.56 crores in FY2025 compared to ₹4.20 crores in FY2024. Considering the consistent growth in revenue and profitability, investors may consider applying for this IPO with a long-term investment perspective.
Exim Routes IPO Details
IPO Open Date December 12, 2025 IPO Close Date December 16, 2025 Face Value ₹5 Per Equity Share IPO Price Band ₹83 to ₹88 Per Share Issue Size Approx ₹43.73 Crores Fresh Issue Approx ₹43.73 Crores Issue Type Book Build Issue IPO Listing NSE SME DRHP Draft Prospectus 
Exim Routes IPO Market Lot
The minimum market lot for the Exim Routes IPO is 3,200 shares, which amounts to an application value of ₹2,81,600.
Application Lot Size Shares Amount Retail Minimum 2 3,200 ₹2,81,600 Retail Maximum 2 3,200 ₹2,81,600 S-HNI Minimum 3 4,800 ₹4,22,400 S-HNI Maximum 7 11,200 ₹9,85,600 B-HNI Minimum 8 12,800 ₹11,26,400
IPO Reservation
Investor Category Share Offered -% Shares Anchor Investor 14,11,200 Shares 28.40% QIB (Ex. Anchor) 9,40,800 Shares 18.93% NII Shares Offered 7,10,400 Shares 14.29% Retail Shares Offered 16,57,600 Shares 33.35%
Exim Routes IPO Anchor Investors
Anchor Bidding Date December 11, 2025 Anchor Investors List Shares Offered 14,11,200 Shares Anchor Size 12.42 Cr. lock-in period end date 50% shares (30 Days) January 18, 2026 lock-in period end date 50% shares (90 Days) March 17, 2026
Exim Routes IPO Dates
The Exim Routes IPO opens on December 12, 2025, and closes on December 16, 2025. The allotment will be finalized on December 17, 2025, and the shares are expected to be listed on December 19, 2025.
IPO Open Date: December 12, 2025 IPO Close Date: December 16, 2025 Basis of Allotment: December 17, 2025 Refunds: December 18, 2025 Credit to Demat Account: December 18, 2025 IPO Listing Date: December 19, 2025 IPO Bidding Cut-off Time: December 16, 2025 – 5 PM
Promoters and Holding Pattern
The promoters of Exim Routes are Mr. Manish Goyal and Mr. Govind Rai Garg.
Particular Shares % Share Promoter Holding Pre Issue 1,37,82,400 71.35% Promoter Holding Post Issue 1,87,52,000 52.44%
Objects of the Issue & Utilisation of proceeds
Purpose Crores To meet out the expenses for Development and Maintenance of the ERIS platform ₹11.87 To meet out the expenses for Working Capital to fund business growth ₹9.00 To meet out the expenses for Investment in Office space to accommodate new hires ₹7.13 General Corporate Purpose ₹-
About Exim Routes IPO
Exim Routes Limited, established in April 2019, has emerged as a leading player in the paper recycling industry. The company supports Indian paper mills by supplying high-quality recyclable paper and managing end-to-end logistics. Its range of recycled papers includes white grades (such as office paper and tissue), brown grades (like OCC and mixed paper), and mechanical grades (including newspapers and magazines).
To streamline operations, Exim Routes has developed the Exim Routes Intelligence System (ERIS), an AI-powered B2B platform that performs four key functions: offer matching, market intelligence, customer enablement, and logistics integration. ERIS currently manages over 100 international yards and 50 Indian mills across 15+ countries. As of June 30, 2025, the company has a team of 18 employees.
Exim Routes IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹36.46 ₹35.97 ₹0.37 ₹6.63 2024 ₹72.39 ₹67.56 ₹4.20 ₹20.53 2025 ₹120.99 ₹111.21 ₹7.56 ₹47.62 June 2025 ₹44.17 ₹42.60 ₹1.17 ₹50.97
Exim Routes IPO Valuation – FY2025
Check Exim Routes IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 53.14% ROCE: 35.53% EBITDA Margin: 8.24% PAT Margin: 6.27% Debt to equity ratio: 0.20 Earning Per Share (EPS): ₹2.75 (Basic) Price/Earning P/E Ratio: N/A Return on Net Worth (RoNW): 42.28% Net Asset Value (NAV): ₹11.32
IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd.
Company Address
Exim Routes Limited
Unit No 421, 4th Floor, Suncity Success
Tower, Golf Course Extension Road, Sector
65, Gurugram, Haryana 122101, India
Email: cs.er@eximroutes.in
Phone No. +91 95602 71761
Website: https://eximroutes.ai/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: contact@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues